Nearly 36 percent of public investment for agriculture disbursed in six months

Illustrative image (Source: VNA)

The agricultural sector has disbursed about 3.52 trillion VND (152.98 million USD) of public investment in the first six months of 2021, completing 35.83 percent of its yearly target, according to the Ministry of Agriculture and Rural Development (MARD).

The MARD has planned to roll out a number of measures to remove difficulties and speed up the disbursement of capital for programmes and projects, thus boosting production and preventing natural disasters.

Along with convening online meetings to seek ways to deal with problems in each project, the ministry has reviewed the plans for the implementation of particular projects for timely adjustments.

The ministry has made flexible capital amendments for projects to ensure their highest disbursement. In May alone, it issued two documents on the adjustment of capital worth 412 billion VND for projects using Government bonds and official direct assistance (ODA) loans.

It is likely to disburse 100 percent of the domestic capital allocated for 2021.

According to the MARD, this year, the sector is allocated over 9.8 trillion VND (425.91 million USD) of capital, including 2.84 trillion VND worth of ODA./.